Microsoft Corporation (NASDAQ:MSFT) Shares Sold by Bar Harbor Wealth Management

Bar Harbor Wealth Management trimmed its position in Microsoft Corporation (NASDAQ:MSFT) by 4.0% in the first quarter, HoldingsChannel.com reports. The firm owned 79,994 shares of the software giant’s stock after selling 3,366 shares during the period. Microsoft comprises 2.0% of Bar Harbor Wealth Management’s investment portfolio, making the stock its 8th largest holding. Bar Harbor Wealth Management’s holdings in Microsoft were worth $30,029,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Microsoft in the fourth quarter valued at $44,343,058,000. GAMMA Investing LLC increased its stake in shares of Microsoft by 40,290.4% in the first quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant’s stock valued at $17,528,950,000 after buying an additional 46,579,693 shares in the last quarter. Proficio Capital Partners LLC increased its stake in shares of Microsoft by 34,643.3% in the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock valued at $7,096,913,000 after buying an additional 16,788,816 shares in the last quarter. Northern Trust Corp increased its stake in shares of Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock valued at $35,316,535,000 after buying an additional 11,600,470 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Microsoft by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock valued at $288,336,224,000 after buying an additional 10,431,988 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the transaction, the executive vice president owned 43,930 shares in the company, valued at $20,339,590. The trade was a 6.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the transaction, the insider owned 476,999 shares in the company, valued at $207,995,413.95. This trade represents a 13.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock worth $60,224,683 over the last three months. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of research reports. Raymond James Financial raised their target price on Microsoft from $480.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. UBS Group restated a “positive” rating on shares of Microsoft in a research note on Monday, June 30th. Tigress Financial raised their target price on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Needham & Company LLC reiterated a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Wedbush raised their price target on Microsoft from $515.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, June 25th. Four equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $534.14.

Microsoft Price Performance

Shares of MSFT opened at $505.82 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $508.30. The stock has a market cap of $3.76 trillion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. The stock’s 50-day moving average price is $473.43 and its two-hundred day moving average price is $426.73.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. During the same quarter in the previous year, the business posted $2.94 EPS. Microsoft’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

Microsoft Company Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.